Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues            
Revenues $ 1,705   $ 1,407   $ 3,454 $ 3,000
Revenues from contracts with customers 1,705   1,407   3,453 3,000
Operating costs and expenses            
Cost of sales (excluding depreciation and amortization expense shown separately below) 880   698   1,759 1,535
Operating and maintenance expense 162   98   300 193
Operating and maintenance expense—affiliate 37   30   66 56
Development expense 0   1   0 1
General and administrative expense 3   2   6 6
General and administrative expense—affiliate 27   17   48 35
Depreciation and amortization expense 138   106   252 211
Impairment expense and loss on disposal of assets 3   0   5 0
Total operating costs and expenses 1,250   952   2,436 2,037
Income (loss) from operations 455   455   1,018 963
Other income (expense)            
Interest expense, net of capitalized interest (230)   (184)   (417) (369)
Derivative gain, net 0   3   0 11
Other income 7   7   16 11
Total other income (expense) (223)   (174)   (401) (347)
Net income $ 232 $ 385 $ 281 $ 335 $ 617 $ 616
Basic and diluted net income per common unit $ 0.44   $ 0.55   $ 1.19 $ 1.22
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation 348.6   348.6   348.6 348.6
LNG [Member]            
Revenues            
Revenues $ 1,171   $ 1,155   $ 2,538 $ 2,170
Revenues from contracts with customers 1,171   1,155   2,537 2,170
LNG—affiliate [Member]            
Revenues            
Revenues from contracts with customers 455   178   760 681
Regasification [Member]            
Revenues            
Revenues from contracts with customers 67   65   133 130
Other [Member]            
Revenues            
Revenues from contracts with customers $ 12   $ 9   $ 23 $ 19